Thrilled to see Sword’s $40M in additional funding at a $4B valuation following their incredible growth. Excited to watch them expand into mental health care with Mind, pairing AI, wearable tech, and PhD-level support to transform the space just like they did for physical health. One of the biggest AI health companies truly changing care at scale.
Today is a special day at Sword. We've raised $40M at a new $4B valuation in a round led by General Catalyst, and we're officially launching Mind, our always-on AI mental health solution. This new valuation reflects the strong momentum behind our AI care model. Since launching in 2020, Sword has delivered 6.5 million AI sessions to over 500,000 members across three continents, helping more than 1,000 enterprise clients avoid nearly $1 billion in unnecessary healthcare costs. This funding marks the next chapter in our journey: applying everything we've learned in physical health to revolutionize mental health care. For far too long, mental health has been treated in fragments and episodic sessions. For most, support arrives late, or not at all. Those who get it often wait weeks between touchpoints. But the nature of mental health challenges isn't sporadic - and the solution can't be either. Mind redefines mental health care delivery with a proactive, 24/7 model that integrates cutting-edge AI with licensed, PhD-level mental health specialists. Together, they provide seamless, contextual, and responsive support any time people need it, not just when they have an appointment. The intelligent pairing of AI with clinical expertise is the key to removing access barriers and making high-quality care truly universal. To our members, our clients, our investors, and our team of brilliant individuals: Thank you for building the future of healthcare with us. We couldn't ask for better partners on this journey. We’re still only 5% done. Read more about these announcements: https://lnkd.in/eVadHTQA